Forestry
The Globe Forestry team writes both insurance and reinsurance on a worldwide basis, utilising both Lloyd’s and traditional reinsurance capacity. The team has successfully developed tailored products for a variety of client groups, ranging from small growers to multinational TIMOs and is able to offer both indemnity and parametric coverage across the globe.
Goal
- Insurance and de-risking investment within the forestry sector and their communities.
- Enabling forest-investors to optimize climate, water and biodiversity benefits on a global scale across the Earth’s most valuable resource.
Forestry
- Global reach, insuring in 30 countries and six continents.
- The foremost experienced forestry insurance team, globally the most experienced forestry underwriters.
- Forest managers and their investors awareness of risk profiles.
- Creating risk awareness for international brokers, Reinsurers, timberland owners and investors.
Capacity
- Up to $20m per risk depending on appetite.
- Combination of Lloyd’s and company market capacity.
Forestry insurance in the USA
Target market
- Independent forestry owners.
- Commercial forest enterprises (pulp and paper manufacturers).
- Saw log producers and timber merchants.
- Real Estate Investment Trusts (REITs).
- Timber Investment Management Organisations (TIMOs).
- Forest Management Organisations (FMOs).
- Alternative investment management companies.
- Regional forest owners Associations.
- Afforestation & Reforestation Projects.
- Carbon Credit Investments into Forestry.
Experience
- Insuring globally since 2008.
- Insured values ranging from $0.5m–$2bn+.
- Capacity available for both fire and windstorm.
- Both burn scar and indemnity available for fire.
- Wind capacity is worldwide and includes hurricane coverage.
- Insured limits available up to $20m depending on location and reinsurer’s aggregation.
- Insured limits available up to $20m depending on location and reinsurer’s aggregation.